Consider the following data obtained on Treasury STRIPS of various maturities. N Yield 1 1.25% 2 1.85% 3 2.35% Using the pure expectations hypothesis, what is the expected future one-year rate at the beginning of year 3? In other words, what does the market expect the one-year rate to be two years from now? A. 1.25% B. 1.85% C. 2.35% D. 3.36%